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IIRC, Intel shopped for a location for a chip fab back in the 1990s - Pentium F00F bug timeframe - and narrowed the possible sites down to 12 or 15, then to 8
by dmckeon 12y ago
IIRC, Intel shopped for a location for a chip fab
back in the 1990s - Pentium F00F bug timeframe - and narrowed
the possible sites down to 12 or 15, then to 8 or 10,
etc. and finally to 3 states, and basically asked them
to bid with tax credits for a ~2 billion project, and
they all gradually raised their bets until nobody would
offer more - and then Intel accepted all 3 offers -
New Mexico, Oregon, and one other. Smooth move
on Intel's part, and it worked out for them. The
"winning" states had more mixed feelings.
edit: s{386}{Pentium} and here's an adequate recap:
http://development.cfed.org/focus.m?parentid=34&siteid=1629&id=1649 http://development.cfed.org/focus.m?parentid=34&siteid=1629&...
So, when I see that Tesla needs to spend ~$10 billion,
and is only required to spend 3.5B, I can't help but
wonder if other sites/states are still bidding.
- jrapdx3 12y agoI don't remember what happened back then, but I do know that here in Oregon, Intel has received tax breaks from the state and Washington County where the Intel R&D fab is located. OTOH while Intel has fabs in many places, their investment in this region has grown rather steadily over the years. It's reported that Intel remains the state's single largest employer. As far as Oregon is concerned, and the Portland metro area in particular, the tax break for jobs tradeoff looks like a pretty good deal after all. Though property owners grouse about Intel avoiding its "fair share" of taxes, our local, regional and state governments aren't likely to complain or change their policies.